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Get set up for the new tax year with Xero Payroll

Xero

Finalising your 2024/2025 tax year Wrap up outstanding items Before processing your last pay run for the 2024/25 tax year, approve any outstanding leave requests, timesheets and overtime to ensure your employees’ final pay is accurate. Xero will submit an Employer Payment Summary (EPS) to HMRC once your final pay run is complete.

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How we’re making it easier for practices in the UK to manage clients in Xero

Xero

It’s all part of our work to connect our practice tools, so that in the future, as you manage your clients’ tax obligations in Xero, the data flows seamlessly into our practice management tools. This will help you work more efficiently, collaborate with your clients more effectively, and manage everything for your practice within Xero.

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Get set up for the new tax year with Xero Payroll

Xero

That’s why we have prepared some resources to guide you through a frictionless payroll year end, and be ready for the start of the 2023/24 tax year. We have also introduced a new checklist within Xero Payroll to streamline your tasks and make it easy as we approach year end.

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Tech news: Karbon Practice Management evolves into Practice Intelligence

Accounting Today

Accounting practice management software provider Karbon announced its new Practice Intelligence product, an agentic AI-driven solution thats the next evolution of its Practice Management platform. All rights reserved. Karbon Practice Management evolves into Practice Intelligence product Karbon accepts Talent Visionary Award.

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Your Complete Guide to Corporate Tax Deadlines for 2025 + Tools to Keep Clients Organized

LedgerDocs

Tax season 2025 is fast approaching, and for bookkeepers and accountants, staying on top of the important corporate tax deadlines is the key to completing smooth filings for their clients. Canadian-Controlled Private Corporations (CCPCs) that meet specific criteria may have three months to pay taxes owing for the year.

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Making Tax Digital for ITSA has been delayed, but we’re ready to support you

Xero

HMRC has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been delayed until April 2026. With small businesses, accountants and bookkeepers facing challenging times, we understand and support the delay from HMRC – giving you more time to prepare. . Why has this happened?

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A short guide to Making Tax Digital for landlords

Xero

However, if you’re a landlord and you’re registered as a limited company, you’ll need to continue sending limited company accounts and corporation tax to Companies House and HMRC. First, the quarterly updates containing details of your income and expenditure (to be sent from your accounting software to HMRC every quarter). .

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